Weaver C. Barksdale & Associates Inc. Cuts Stock Holdings in Old Republic International Co. (NYSE:ORI)

Weaver C. Barksdale & Associates Inc. cut its position in shares of Old Republic International Co. (NYSE:ORI) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,010 shares of the insurance provider’s stock after selling 1,194 shares during the period. Old Republic International comprises 2.2% of Weaver C. Barksdale & Associates Inc.’s portfolio, making the stock its 8th biggest position. Weaver C. Barksdale & Associates Inc.’s holdings in Old Republic International were worth $2,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORI. Versant Capital Management Inc grew its stake in Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Mather Group LLC. raised its position in shares of Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 597 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Old Republic International in the second quarter valued at approximately $30,000. Quarry LP purchased a new position in Old Republic International in the 4th quarter valued at $39,000. Finally, Covestor Ltd lifted its stake in shares of Old Republic International by 23.0% in the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after buying an additional 362 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $35.59 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. Old Republic International Co. has a one year low of $26.08 and a one year high of $36.09. The business’s 50 day moving average price is $34.22 and its 200 day moving average price is $31.72. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 13.85 and a beta of 0.84.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.15. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. During the same quarter last year, the firm posted $0.62 earnings per share. On average, research analysts predict that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

Old Republic International Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.